KUALA LUMPUR: Bursa Malaysia ended lower for the second consecutive day today on persistent selling pressure, mainly in telecommunications and commodity-related counters.
Meanwhile, Leong said investors may also keep a close watch on upcoming key economic data such as the Bank of England’s interest rate decision as well as the US non-manufacturing purchasing managers’ index and factory orders. The market breadth was also negative with decliners trouncing advancers 555 to 348, while 419 counters were unchanged, 943 untraded and 17 others suspended.Among the heavyweights, Maybank lost four sen to RM8.95, CIMB fell five sen to RM5.47 and Petronas Chemicals decreased 10 sen to RM6.75.Of the actives, UEM Sunrise increased 4.5 sen to 50.5 sen, both Widad and Velesto improved 0.5 sen to 43 sen and 23.5 sen respectively, and YTL Power was seven sen higher at RM1.45, while KNM fell 0.
The Main Market volume decreased to 1.81 billion units valued at RM1.61 billion from 2.65 billion units valued at RM1.47 billion yesterday.